India Tax Updates 2026

Recent updates in India's tax landscape include changes to tax audit limits and allowances for the 2026-27 tax year. Key points to note include:
- The Income Tax Department has provided a guide to benefits available to taxpayers, subject to specific conditions and limits.
- The Ministry of Corporate Affairs has tightened India's accounting rules, revising financial instrument classification and disclosure norms.
- The Institute of Chartered Accountants of India has held chartered accountants guilty of client solicitation and improper audit appointments.
Other updates include the release of city intimation slips for the AIAPGET 2026 exam, and the release of admit cards for the ICAI CA Foundation and Inter exams.